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20121211
20121211
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KGO (ABC) 6
CNNW 5
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CNBC 3
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KRON (MyNetworkTV) 2
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KICU 1
KOFY 1
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English 36
Search Results 0 to 36 of about 37
KCSMMHZ
Dec 11, 2012 2:30pm PST
. british banking giant hsbc has agreed to pay a record $1.9 billion to settle a money- laundering case. investigated by authorities in the united states. >> hsbc was accused of using the u.s. financial system to transfer funds from mexican drug cartels and from countries like iran that had been placed under international sanctions. >> the u.s. government says hsbc invaded these practices. they've have been said to enabled terrorists and others to ensure bent sanctions. despite the hefty amount, this will have them avoid prosecution. this is unlikely to spell doom. >> the company is are dealing with this talking about cost- cutting measures and also stripping assets. as far as the fiscal issues are concerned, it is cover bowl. the reputation may take a little bit more time for them to get that back. >> hsbc is not the only european bank facing european money laundering charges in the united states. ing had to pay the highest bond today. credit suisse was also slapped with a stiff penalty. and the world bank of scotland, lloyd's, and barclays have also had to fork out. hsbc's $2 billion
FOX Business
Dec 11, 2012 11:00am EST
. they then funneled hundreds of millions of dollars of transactions through the united states through hsbc there. be evading u.s. prohibition on such transactions by disguising the force of the fund so payments could go for a. hsbc has admitted its guilt to the four count information filed today which sets forth two violations of the bank secrecy act, violation of the international emergency economic powers act and violation of the trading with the enemy act. as part of its resolution of these charges hsbc has agreed $1,256,000,000, the largest amount ever by a financial institution for compliance failure. they also agreed to pay civil penalties of $665 million to resolve parallel regulatory actions brought by the office of the comptroller of currency and the federal reserve bank for a total recovery of over $1.9 billion. the resolution also requires hsbc to implement a series of compliance reforms that we expect to become a model in the financial industry. today's resolution involves multiple agencies and the culmination of years of investigation and analysis. the bank secrecy act investigation
MSNBC
Dec 11, 2012 1:00pm PST
' lady ] live the regular life. phillips'. >>> one of the world's largest banks, hsbc, has agreed to make the biggest payment in history in a settlement over money laundering. a senate investigation found that hsbc, which is based in london, was involved in laundering millions of dollars for mexican drug cartels and even provided funding for saudi banks with links to other terrorist organizations. joining us now is pete williams, our justice correspondent. pete, in reading the report, it seems as though the mexican affiliate of hsbc, among others, has been operating with complete immunity. >> well, not millions of dollars, billions of dollars. >> billions. >> to launder from mexico, and i thought one of the interesting things today is the justice department announced this $2 billion settlement with hsbc is for some of the banks in mexico, the cartels were such regular customers, they knew the exact dimensions in the teller windows, what the gap was, and they had boxes specially made so they could slide the bocks of cash through the teller windows. what the government said today is that th
PBS
Dec 11, 2012 3:00pm PST
pennsylvania. >> woodruff: we examine an almost $2 billion government settlement with british bank hsbc over charges of money laundering for the nation of iran and mexican drug cartels. >> suarez: jeffrey brown profiles chinese artist and dissident ai wei wei, whose work is on exhibit in the u.s. for the first time. >> if we can change ourselves, that means part of society will change. if more people can do so, then we can change the society. >> woodruff: and we look at what the federal trade commission calls a "digital danger zone," mobile applications that gather data about children. >> what needs to be done is a way for parents to easily at any time see exactly what's being collected and who they are sharing that information with. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these insti
FOX Business
Dec 11, 2012 1:00pm EST
a pro. melissa: breaking news right now. the justice department announcing hsbc will pay a whopping $1.9 billion to settle a money-laundering probe. o'connell charges be filed? adam shapiro in the news from following this story so closely and has more now. adam. >> we're all getting caught up in $1.9 billion historic fine, but not one person from hsbc will be prosecuted for what the assistant u.s. attorney general says was blatant and egregious violations of u.s. law. it is worse than that. they went on his hsbc work with governments to break the law, foreign governments with terrorists they threatened by their actions the lives of u.s. citizens. saying at one point, and this is a quote, he says i don't think anyone is alleging hsbc was the mastermind of many of these schemes. rather the compliance was so lax that it was allowed to happen. listen to what he said at the beginning of the conference about how hsbc helped governments rake the law. in his own words. >> on at least one occasion hsbc instructed a bank in iran how to format payment messages so that the transactions would not b
FOX News
Dec 11, 2012 12:00pm PST
from lansing. not one worker from europe's biggest bank, hsbc, will far us a criminal charge after they were accuses of failing to guard against terrorists, tax cheat and drug cartels but agreed to pay a record $1.9 billion fine to settle the case. that probably won't hurt this bank at all. last quarter, they reported $2.5 billion in net profit. according to the treasury, the failure to police transactions allowed hundreds of millions of dollars in drug money from mexican cartels to flow into the united states. the feds report the bank broke finance laws when they did business with iran and libya and cuba and others. under their deem with the feds, the bank will pay the record fine, change some policies, but not one bank employee will ever face criminal prosecution. the prosecutors say department of justice officials wanted to bring criminal charges but decided not to not because of a lack evidence but because it would put the future of the largest banks at risk. think of that. not because they didn't have the goods. they were worried about the banking system. this says clearly it
CNBC
Dec 11, 2012 4:00am EST
.s. and brazil while warning over a week's global recovery. >>> and hsbc agreed to settle money laundering charges, paying a record $1.9 billion fine. >>> and we're getting the bumping out here today, not only because it's christmas, but -- >> because james ferguson is here. >> and we are finally in the same place at the same time. ♪ reunited and it feels so good ♪ >> there we go. >> my apologies to everyone for that. >> how about that voice? i feel a christmas sing along coming on at some point. >> it's the holt day spirit. >> it is. >> also, we are outside the u.s. senate. we're going to see just how much progress has been made or how little progress between the president and congress on the fiscal cliff situation. >>> and we'll find out just how much the european debt crisis has affected tourist's willingness to travel to southern europe. >> and then south korea's presidential election, yes, it's not just japan, and what to expect from the winner. >>> let's just plug you into where we are with this global market. more now on the global trading day in europe. 5-4 advances just about
CBS
Dec 11, 2012 4:00am PST
" time on tuesday. a record fine for hsbc, and could apple's faulty maps be life threatening? ashley morrison with that and more from new york. good morning to you. >>> good morning to you. asian markets were cautious as u.s. leaders agreed to reach a budget deal to avoid the fiscal cliff. tokyo's nikkei gained a fraction while hong kong's hang seng added a quarter percent. >>> this week the federal reserve is expected to announce a new bond-buying program aimed at lowering interest rates. if it works, it might soften the blow if the nation goes over the fiscal cliff. fed chair ben bernanke has said if a budget deal can't be reached, there's little the central bank can do to offset the shock of those spending increases and tax cuts. >>> a strong sales report from mcdonald's offset wall street's worries about the fiscal cliff negotiations. the dow added 15 points while the nasdaq gained 9 points. >>> hsbc is paying a record $1.9 billion to settle a federal and state money laundering probe. the british bank was under investigation for allegedly transferring billions of dollars on behal
CNN
Dec 11, 2012 11:00am PST
to the meltdown. also today, global banking giant hsbc agrees to a record payment $1.92 billion. yes, that's billion with a b to settle accusations of money laundering. check this out. a report by the senate banking committee found that hsbc in mexico shipped $7 billion in cash across the u.s. border. 7 billion bucks, no way there wasn't a bunch of drug money there. great guest here on this today, a man who told me at the commercial break likes to get to say, i told you so. neil barofsky, the head of hsbc here, his name is stuart gulliver. we accept responsibility for our past mistakes, goes on to say we have said we're profoundly sorry and we say so again. neil, is there any way these banking officials did not know they were dealing with drug money? >> look, you look at the scope and size of the conduct that is described in the settlement and just the number of the settlement of $2 billion. >> huge. >> the notion this wasn't something that was known on senior levels of the banks. at least they had plenty of reason to suspect that this was ongoing. and gulliver should be happy today. he ju
CNBC
Dec 11, 2012 2:00pm EST
to be a pattern that's developing. hsbc avoids prosecution, deferred prosecution, keep their act clean, pay a fine and they move on. it's a big fine but all of about six weeks worth of revenue for this country. are you comfortable with the way this is playing out? >> scott, this is a very, very historic resolution. hsbc is not simply walking by and shaking its hands and saying we're done. they are being held accountable in a way that's almost never been done before. first the entire management in leadership involved at the time these crimes or this conduct because going on is completely gone. their compliance program has been increased dramatically. whether they had 70 or 80 people doing this kind of work, they have over 800 people, probably a couple dozen consultants, now they have probably 250 or 300. for the first time ever, a foreign financial institution is going to have a monitor. that monitor is going to be involved for five years. deferred prosecution agreement is for five years. senior executives are giving up bonuses. we've clawed back. moreover, any point they do anything wrong whatsoev
ABC
Dec 11, 2012 6:00am PST
, global banking giant hsbc will pay 1.9 billion dollar fine to settle allegations it engaged in money laundering. the money is believed to be tied to mexican drug cartels even terrorism. hsbc says it accepts responsibility for past mistakes. analysts point out the bank will earn back the fine in a little more than one month. >>> new this morning the air force is getting ready for another test flight of new experimental space plane pro row time of the x-37b will blast off into space today from cape canaveral, florida. this video provided by the air force, launch time set for 10 a.m., our time. the vehicle is being developed as reusable unmanned space vehicle. >> in the last hour we learned delta is buying a 49% stake in virgin atlantic airlines, delta wants better access to heathrow in hahn done, the two are agenting in -- in london. virgin atlantic owned by sir rich and branson who owns a stake in virgin america airlines. >>> got milk? the reason fewer americans are drinking dairy. >>> first, cashmere sweaters. michael finney and consumer re >>> we come back. water vapor in the air, n
CBS
Dec 11, 2012 4:30am PST
red flags pointing to money laundering. the penalty for hsbc is $1.9 billion. a senate report says hsbc mexico shipped billions of dollars of cash to the u.s., money believed to be tried to drugs and terrorism. >>> a report sent hewlett- packard soaring leading to a higher dow yesterday. the report says activist investor carl icahn plans to put a stake in hp which helped the stock, down 45% in the year. icahn is said to be worth more than $14 billion and his hedge fund was one of the top performers last year. >>> it's been a record holiday season for seasonal workers. job placement firm challenger, grey and christmas says retailers hired 465,000 seasonal workers last month up 21% from a year ago. and it's the most ever hired in november. challenger says holiday hiring could reach 760,000 by the end of the month. >>> it looks like the new university of california's logo is here to stay. that despite over 42,000 petition signatures against it. let's take a look. the new more modern uc logo came out six months ago and is appearing on more and more uc websites and publications. i'm not
CNN
Dec 11, 2012 9:00am PST
. a record settlement but no prosecution at global banking giant hsbc. admits it failed to stop money laundering by mexican drug cartels and terrorism financiers. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >>> this is where high finance and street crime intersect could be a problem on your street as well. talking about the banking giant hsbc, europe's largest, have to pay $2 billion to settle investigation by u.s. prosecutors who are looking into international drug money laundering. investigators say the bank ignored rules that could have stopped this laundering operation, that the money went to drug cartels and terrorists. jim bolden is joining us london. what happened? >> reporter: well, suzanne, this is interesting. all of these banks have been fined by the u.s. government over last few years but hsbc, by far, the biggest. this fine, as you say, $1.9 billion. the go
CNN
Dec 11, 2012 6:00am PST
.9 billion, that's how much global banking giant hsbc is paying the united states government to resolve accusations of money laundering for mexican drug cartels and terror-linked groups in saudi arabia. business correspondent christine romans joins us now from new york, and it's a serious allegation here. >> it really is and the group hsbc, the uk's largest bank wants to put this behind it, trying to settle the serious allegations, $1.92 billion will be what they will pay the u.s. government, there will be a press conference later today, the justice department, the manhattan d.a. and others to put this to rest. banks operating in the u.s. have an obligation to know their customer and abide by u.s. laws and u.s. sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the who
CNN
Dec 11, 2012 2:00am PST
. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce of weed, smoke it, not in public and grow a small amount at home as well. the governor has created a task force to help implement the law. here's the problem. it's complicated. the federal government still says marijuana is illegal. >> rocky mountain high. i'll be the billionth person to say that. >>> countdown to double secret lift jop. the space plane is cleared to lift off at 1:05 p.m. eastern time from cape canaveral. this is an unmanned reusable mini verlgs of the space shuttle. it lifts off vertically and lands on auto pilot on a runway. no one knows what it's carrying. the cost to develop it, that is also classif
KICU
Dec 10, 2012 7:00pm PST
to ensure security. >>> there is word tonight that hsbc will pay billions of dollars to settle a money laundering prone. the bank will pay a record 1.25 billion dollars in forfeiture. the british banking has laundered money through the american financial system. >>> fans held a tear filled in southern california for a star. rivera was killed when a plane went down in mexico. >>> our consumer editor reports a 6-1/2 million dollars upgrade is set to begin at 10:00 tonight. >> reporter: for commuters, the toll plazas is an all too familiar site that they often get a good morning look at. >> the exterior is going to be remaced with prepainted cast aluminum panels. they'll be in a white color to match the tell administration building that you see behind me. that in turn is designed to comp meant the white color the new east span of the bay bridge so that there's a consistent design theme. >> those colors coordinate with the port of oakland. any lane closures would happen between 10:00 and 5:00. >> the inconvenience is going to be negligible. >> the last highway 80 gas station before y
MSNBC
Dec 11, 2012 2:00am PST
. >>> well, this morning, an apology and an impressive find for a british banking giant. hsbc will pay a record $1.9 billion to settle a u.s. criminal probe alleging the firm ignored red flags about money laundering for years. today the bank admitted to a breakdown of controls. >>> meanwhile, standard chartered is shelling and selling out a smaller but still significant sum of $327 million for violating u.s. saks sancti against iran, sudan, and two other countries. >>> the u.s. treasury is selling its remaining stake in aig for just under $8 billion. that ends the era of government ownership. >>> on the street, hp, the dow's worst performer shot up on rumors that activist investor carl icahn is building a stake in the pc maker. meanwhile mcdonald's gave blue chips a boost in better than expected sales. apple and google have reportedly combined their competing bids for a bundle of kodak patents. former imf chief dominique strauss-kahn and a maid have agreed to settle a suit. the dollar amount will remain confidential. >>> retailers hired 465,000 seasonal workers land month. up 25% from
FOX
Dec 11, 2012 4:00am PST
remaining stake in aig... and reports say regulators have a $1.9 billion dollar settlement with hsbc. the bank is accussed of laundering money for drug dealers and terrorists. john brady of rj o'brien joins us now. john, are you seeing any special positioning ahead of the fed? > > we have angie. over the course of the last two weeks so, we have seen equity markets continue to "melt up," as traders would say, continue to be sort of supported by this idea that the federal reserve is going to continue its method of quantitative easing. the fed meeting to start today. however, we will receive the announcement from the fed tomorrow, perhaps around 1:00 or so wednesday. but, the idea is that risk assets, both equities and metals, commodities mostly, continue to melt higher with the idea that the fed is going to continue to monetize its debt and supply excess reserves to the economy. > what about tax management? what are you seeing with investors and traders trying to avoid that fiscal cliff, although potentially that could happen next year? > > we have seen two big trades really, angie. fi
KOFY
Dec 10, 2012 9:00pm PST
hsbc is expected to pay 1.9 billion dollars to settle a money laundering investigation with regulators in the united state states. hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal except that location is in the middle of nowhere and the park has no water supply and temperatures can reach 115 degrees. dangerous place to be stranded. apple hasn't commented but the ceo tim cook publicly apologized for the app early this year and has promised improvements. >> trying to catholic church a cab in san francisco can be frustrating and at some hours of the day nearly im poll as you may know. that's what a handful of service have popped up to help you call fo
CNN
Dec 11, 2012 4:00am PST
israel coming up next. >>> does the nfl have a gun culture? >>> and business news. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans. minding your business. three british nationals arrested in connection with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this i
ABC
Dec 10, 2012 5:30pm PST
a startling series of charges. the british banking giant hsbc, about to pay big time. after allegations of money laundering, linked to iran and mexican drug cartels. "the new york times" reports a record settlement. $1.9 billion to be announced tomorrow. >>> and now, a storm blasting the upper midwest of the united states. what a difference a week makes. it was a mild 62 degrees in minneapolis last week, and now a massive storm has dumped nearly 16 inches in the twin cities. more snow in one day than they expect in a month. it was a slippery, sliding mess on the roads. hundreds of snow-related car wrecks across both minnesota and wisconsin. >>> and now, the news of the shocking death of a rising star in latin america, just about to receive her dream of taking on north american tv, right here on abc. singer jenni rivera died in a plane crash on her way to a concert in mexico. and here's abc's david wright on her turbulent life story and her huge success. ♪ >> reporter: she was known as the "diva of banda" -- mexico's answer to country music. today, on spanish language radio, tearful tr
ABC
Dec 11, 2012 4:00am PST
. and there are some major deals in the works this morning. overnight, hsbc confirmed a record $1.9 billion settlement with the u.s. in return, the british-based banking company won't be charged with money laundering. a criminal prosecution of europe's largest bank might destablize the global system. >>> that closes the books on the biggest bailout. the government's 16% stake is worth almost $8 billion. >> made a profit off of that deal. >>> thanks to the surge in online shopping, shipping services expecting a record-setting year. a record number of packages are in the fedex pipeline after its busiest shipping day ever. abc news got a special look inside its global hub in the city of memphis. by yesterday afternoon, more than 19 million packages had been shipped. 10% more than the busiest day last year. business is up. >> mind-boggling. >>> facebook and gmail seem to be all right this morning. but both services had brief outages. some users had problems with google calendar and documents for about an hour. there's no word from google about the cause. facebook said it changed a web address. that outage
KRON
Dec 11, 2012 4:00am PST
the premarket >>hsbc will pay $1.9 billion to settle a u.s. money-laundering probe. the investigation into hsbc has focused on the transfer of billions of dollars on behalf of nations such as iran and the transfer of money from mexican drug cartels. the british bank said in statement tuesday that the settlement involves a deferred prosecution agreement with the u.s. department of justice. the bank won't be prosecuted if it meets certain conditions, such as strengthening internal controls to prevent money laundering. >> we will get you started with weather and traffic and everything went you need to head out the door. let us take a look at our roof cam. we are looking at a pretty the day today. will get cold. we have changes on the way to tell you about. we will be right back. 5:14 is the type. >> california experience the highest tides of the year this week. thursday morning is when it will peak. this condition is called the king tied to where the gravitational tug of the moon and sun not climate change is responsible for the extreme tides. >> king tied occur several times a year, but this week
FOX News
Dec 11, 2012 2:00am PST
day hiring bigger than the 619,700 jobs. >> you make a good point. hsbc banks reaches a settlement. this is a huge dollar figure. >> the british bank agreed to pay a record 1.9 billion to settle a multi year investigation of how it ignored red flags of money laundering by mexican drug cartels and allowed transfers from iran and sudan which are under investigation. they have become a top priority for u.s. law enforcement. in a separate case another british bank agreed to settle their investigation with the $340 million settlement. the numbers are adding up. >> they are on top of things they have huge legal departments that look at this. >> jobs for 2013. >> these occupations experienced the strongest growth since 2010. software developers topping the list. make about $45 an hour. they have been popular over the last few years creating 70,000 positions. you have accountant, market research and computer analyst, hr specialist, computer systems administrator, sales rep and web developers. those are very promising careers for the new year. >> a lot of computer related stuff. >> thank yo
ABC
Dec 11, 2012 5:00am PST
, overnight hsbc agreed to pay 1.9 billion dollars in fines in return the company will not be indicted on money laundering. federal government selling off rest of shares in aig that closes books on biggest bailout shares worth eight billion dollars which means the government made a profit. record number of packages in the fed, pipeline this morning after busiest shipping -- the fedex pipeline this morning after its busiest shipping day. yesterday afternoon more than 19 million packages. beyonce and pepsi have a new partnership, besides the super bowl, beyonce will appear on everything from soda chance to store displays the deal thought to be >>> good morning. brr, 5:13 live look on the embarcadero it is clear out there you can feel the cold. mike is tracking temperatures as low as mid 30s especially north and east bay valleys, rain he says will be arriving tonight. >>> neighborhood watch volunteer charged the shooting death of a florida teenager will be back in court this morning. defense attorneys will ask a judge to end the 24 hour gps monitoring of george zimmerman in the fatal shoo
FOX News
Dec 11, 2012 8:00am PST
is hsbc, apparently avoiding a criminal indictment but only because filing criminal charges could have destabilized the world's financial system. instead, the bank pay a record penalty. nearly $2 billion this that settlement, and as rick was just mentioning, the bank is facing a slew of accusations including that it transferred funds to mexican drug cartels and also transferred funds to nations like iran, evading international sanctions. charlie gasparino has more from the fox business network. charlie, is this unique only to hsbc, or is in the first domino to fall here? >> well, i mean, there may be other banks, but it follows a pattern that the justice department has used since arthur anderson following the enron scandal. they didn't want to put any more big companies out of business, so they go into these deferred prosecution agreements, today hit the bank with a big fine and then today kind of move on. what's kind of like -- what's not good about this is that if you think about it, shareholders are suffering when you had probably individual employees who committed possible crimes h
KRON
Dec 11, 2012 7:00am PST
the end of 2013. hsbc will pay $1.9 billion to settle u.s. money-laundering probe. the investigation as to hsbc has focused on the transfer billions of dollars on behalf of nations such as the rhine and the transfer money from mexican drug cartels. the british bank said in a statement tuesday that the settlement involves a deferred prosecution agreement and with the u.s. department of justice. and just crossing wires the justice burton says hsbc intentionally allow prohibited transactions with i ride, libya, sudan and burma. >> what as roll out its own library of retro filters for its android and iphone apps. this comes as a social me as i said it lost the ability to display images from the facebook owns a gram. twitter of birds at the ability to include images and tweets a year-and-a-half ago. if you have arabizing abated twitter app is available now on the google place store. it is coming sounds apples app store. facebook uses are apparently too busy about a proposed policy changes on the web site. 300 million boys than needed to override those changes for results to be binding. ho
FOX Business
Dec 11, 2012 4:00pm EST
. other top headline, five stories, one min. hsbc paying $1.29 billion fine to settle a multiyear probe. the u.s. justice department saying the bank failed to endorse rules to prevent laundering of criminal cash. 49% stake in virgin atlantic airways for $360 million. they begin a joint venture on daily round trip flights between the the u.k. and north america. direct tv charging $3 more a month for sports network for those who want packages above the lowest tier. the 20 # 13 l.a. dodgers set to have the largest opening day payroll in major league baseball history with a recent report saying the payroll is more than $220 million beating out the previous record held by, yes, 2008's david's new york yankees, and speaking of the yankees, dropping stubhub as the retailer of choice. the refusal to set a price floor for transactions prompted the team to opt out of the deal, and, yes, i blew it. you heard the buzzer. david: oh, you were close. we've seen images of angry protesters in michigan heating up all over michigan, but despite the push back, the house there approved a right-to-work bill
MSNBC
Dec 11, 2012 7:00am PST
was afraid to claim it next year because of the fiscal cliff and there might be higher taxes. >>> hsbc is about to pay up the biggest penalty ever imposed on the banks. mandy drury is here. mandy, the british banking giant going to pay a whopping $1.9 billion. what, they're making this money laundering probe go away? >> it's very interesting decision, actual ily, what came out of this, chris, because given the extent of evidence against hhbc, they are see ing there is the better of two evils. maybe you can call it a healthy compromise between a settlement and also a much harsher money laundering indictment. obviously this might hurt the bank's reputation but hopefully not a whole lot more than that because at the end of the day a harsher indictment would have sparked concerns that criminal charges could jeopardize what is one of the world's largest banks and therefore destabilize the global financial system. i guess you could call this maybe a case of has it become too big to indict. instead it just got the record $1.92 billion settlement. >> a big star is making a deal apparently with
FOX News
Dec 11, 2012 3:00am PST
on to the head and died from his injuries. it is it the largest fine paid by a bank. hsbc agreed to pay 1.89 billion to settle a money laundering case. it is for nations like iran and enabled mexican drug cartels to move money loolly through the american subsidaries. are you ready for some country? ♪ ♪ wrecked my heart. ♪ i should never let go. ♪ the one that good away. >> gretchen: the american country award kicked off in vegas. luke bryant took home nine awards including artist of the year. >> country music. we get to do what we love and for people who are honest and hard working and beautiful people thoo support great music. >> he went on to do the right thing thanking his wife and band and all of the fans and those are your headlines. >> steve: very nice. michigan is poised later today to pass landmark legislation. big labor is furous and marshalling the troops. if you were at the afo head quart ares in michigan, you would have seen cars with license plates from georgia, minnesota and ohio and illinois and they are angry that the people of the great state of the michigan will
ABC
Dec 11, 2012 1:40am PST
will be finalized involving hsbc. the bank is settling a case brought by u.s. government and also authorities here in new york hsbc will pay $1.9 billion to settle accusations it illegally transferred money on behalf of sanctioned nations, including iran and help mexican drug cartels launder monday. >>> a florida woman has been found guilty of first degree murder for shooting a lottery winner in a plot to get his money. a jury in tampa convicted her of the 2009 murder of abraham shakespeare who had won $17 million. he was found buried in concrete in the backyard of her boyfriend. the judge called her cold, calculating, and cruel. >>> we now know the identity of the second lucky winner of that record powerball jackpot. matthew goode had tried to remain anonymous in claiming his share of the $587 million prize. yeah, that didn't happen. it was only a matter of time before his name was discovered. he is originally from pennsylvania, but moved to phoenix area last year. he took a one-time payout of $192 million, telling officials he was worried about paying higher taxes next year because of the fiscal
FOX News
Dec 11, 2012 6:00am PST
that the hsbc bank intentionally allowed prohibited transactions with iran, libya, sudan, and berm a, this is the u.s. department of justice that actually filed these felony criminal charges against the bank. it was widely expected precursor to a deferred prosecution agreement under which the bank would pay $1.9 billion to resolve money laundering charges. some background on a few of these countries designated state sponsors terrorism. >> this morning the number one story days this live action that is playing out in lansing, michigan. you see union supporters chanting an in the say the capitol, so reminiscent of what we saw in wisconsin as they battled the unions in their state. michigan has long been a very solid baston of union support and companies with all the union automakers having a presence there. this is a little bit of the sentiment being expressed by the union supporters on the ground there. >> how can you protect us was a union and protect our collective bargaining rights. it will erode what we worked very hard to achieve if it goes through. >> i'm all for right to work.
ABC
Dec 11, 2012 7:00am PST
in the financial crisis. a slight profit is expected. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a life-changer. >>> and it was supposed to be the game of the year between new england and houston last night. wasn't even close. even when things didn't go as planned, as you see here, well, the patriots took advantage, fumbling into the end zone. why not? tom brady and the patriots steamrolling the houston, texans. the new daddy threw for four scores. and right now, there's no doubt about who the kings of the hill are in the nfl. >> josh, thanks very much. >>> we're going to turn to the brazen shooting in midday, midtown manhattan, just steps away from carnegie hall. a young man execut
CBS
Dec 11, 2012 7:00am PST
. in the united states federal investigators claim hsbc transferred billions of dollars for countries like iran and did business with mexican drug cartels. company officials say they accept responsibility for past mistakes. >>> "the new york times" says top officials in afghan government was shot on her way to work. her predecessor also murdered less than six months ago. >>> the "wall street journal" reports delta airlines is close to a deal to buy 49% of virgin atlantic airways, that would give delta a wider network of flights and more space at heath row, london's main airport. delta would pay singapore airlines 300 million to $500 million for the stake. >>> google avoided paying about $2 billion worldwide income taxes last year. the company moved nearly $10 billion in overseas profits to bermuda, where there is no,, >>> good morning. heading out, grab the jacket. it's chilly in spots. overlooking san jose now not a bad start to the day at all. we have mostly clear skies, some patchy, dense fog in the valleys and fog at the coast.temperatures in the 30s and 40s now, this afternoon 50s and 60s.
FOX
Dec 11, 2012 7:00am PST
. hsbc was accused of transferring money from drug cartels in mexico from the u.s. >>> 7:45. the 49ers suspended running back brandon jacobs who tweeted about his lack of playing time. now, jacobs will not be playing in the last three regular seasons games after he tweeted that he was rotting way on the 49ers' bench. on saturday, he tweeted "i don't understand why people are angry at me because i want to do what i'm paid to do." those tweets cost him about $300,000. >>> another 49er is getting attention as well but it is for his positive talents outside of playing newsroom. coming up, we'll take you inside vernon davis' art gallery opening. >>> there's something mysterious showing up on the beach in santa cruz. pam cook joins us with what scientists are saying about this dead squid situation. pam? >> yeah. it's very strange. they are called humboldt squid and hundreds have washed ashore in santa cruz county. scientists at the department of fish and game are now trying to figure out what happened. the squid appeared on sunday in beaches between rio delmar and pleasure point on -- was on
MSNBC
Dec 11, 2012 3:00am PST
of papers. "san francisco chronicle." $1.9 billion settlement with british giant hsbc. they were charged with enabling drug cartels to launder money through the american financial system. >> is that bad? >> billions have dollars on behalf of iran. >> they keep moving the lines. >> i wish the regulators would pass a freakin law and stick with it. >> put your earpiece in so they can tell you to be quiet. >> to laund-if you can't laundey through mexican cartels, what can you do these days? >> sharing with marketers and other third parties without notifying parents. >> this is just not good. >> only 20% of children's apps provide disclosures about that data collection. >> this is the cutest thing. the pope is tweeting. "usa today," pope benedict will make history tomorrow when he takes to twitter to answer his pari parishioner's questions. he already has 900,000 followers in eight languages on his handle at pontiff-x. >> he follows me. >> 900,000 for the pope? beaver's got like 25 million. you would think the pope would be -- >> get off his back! >> i want to do that at some point. i know we
CNBC
Dec 11, 2012 6:00am EST
of the big corporate news and this one is actually a global corporate story. >> hsbc. we're talking about paying $1.9 billion in the money lawnering lapses. a brirchb lender admitting to a breakdown of controls, in a statement announcing a deferred payment. yesterday standard chartered agreed to pay $27 million agreeing that it violates sanctions against iran and two other international companies. >> if you're an international bank and you prael without getting into this kind of trouble? >> no. >> can you actually operate without money laundering? >> i'm just saying, if you're going to be in business in all these types of markets, isn't this going to happen? >> aren't there sxwier countries that would be probably -- that it would stead if you don't want any business tale. >> was there a fascination in this country about whether you want to indict the whole institution or what happens systemically. >> is this your sequel? >> i was on the phone last night. one of the two publishers that are left. we have other news on wall street this morning, morgan stanley said to be considering asking th
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